Wednesday, November 23, 2016

Chinese President Xi Says US-China Ties Are Now At 'A Hinge Moment'

China's President Xi Jinping speaks during a session of the APEC CEO Summit, part of the broader Asia-Pacific Economic Cooperation Summit in Lima on November 19, 2016 ©Rodrigo Buendia (AFP)

AFP: Xi says US-China ties at 'hinge moment'

Presidents Barack Obama and Xi Jinping met for the final time Saturday, with the Chinese leader warning the period after Donald Trump's election is a "hinge moment" in relations between the two powers.

Without referring to Trump directly, Xi spoke of his hope for a "smooth transition" in a relationship that Obama described as "the most consequential in the world."

The two men were meeting in Lima, Peru on the margins of an Asia-Pacific Economic Cooperation (APEC) summit.

Read more ....

Update: China Wary Of President-Elect Donald Trump (Sara Hsu, Forbes)

WNU Editor: When I ask my Chinese contacts and friends on what is their number one worry when it comes to President-elect Trump .... their answers are universal .... a reversal of trade policies that will in turn diminish the enormous trade surplus that they enjoy with the U.S. each year. What's my take .... with interest rates set to rise in 2017 .... resulting in a stronger and more attractive U.S. dollar ....  exports to the U.S. will be even more attractive for exporting countries like China. President-elect Trump knows this .... and I am willing to bet that he is going to do everything in his power to make sure that this impact is diminished .... hence the protective measures and tariffs on imports.

No comments: